Information from the HPBA

On December 31, 2013, the extended tax credit for biomass heating appliances was originally set to expire. However, the Tax Increase Prevention Act of 2014 (H.R. 5771) extended this deadline to December 31, 2014.

This tax credit provided a dollar-for-dollar tax credit of up to $300 on a qualifying biomass heating appliance purchased before December 31, 2014. The credit claimable on the purchase or installation of qualifying biomass units is limited to a “lifetime limit” and may be impacted by the purchase or installation of other products that qualify of a 25C credit. All individuals are recommended to consult with their tax advisor for details on the applicability of the tax credit.